Kingstone Real Estate has launched its first healthcare Fund, Kingstone Living & Care I (KLC I), which will be structured as an open-ended alternative investment fund (AIF).
KLC I will have a target volume of €400 million ($452 million), and will seek to invest in full and partial inpatient nursing facilities, outpatient care facilities, assisted and age-appropriate living, gerontological rehabilitation clinics, as well as health centers and medical care centers.
Kingstone also will invest in new portfolio properties in Germany and in Austria, with a focus on individual real estate assets beginning at an acquisition volume of about €10 million ($11 million).
IntReal International Real Estate Kapitalverwaltungsgesellschaft will serve as the fund’s service-providing capital-management company.
“Due to the increasing demand arising from an aging society, the healthcare assets offer great potential for institutional investors, particularly under c
